EBCoin is a special wallet application that provides a solution to the challenges associated with tax refunds for international travelers. It seeks to eliminate the long ques travelers have to endure to receive their refunds as well as the high fees that they always incur. Travelers will now be able to receive instant tax refunds. The platform brings about transparency and convenience and enables travelers to get 100% of their refunds in EBC tokens. The platform is backed by KR partners that hasShow more [+] had 10 years’ experience and success in global payments.
The EBC coin is the currency used to run operations on this platform. It is an ERC20 coin that is not premined, but is mineable. Being an ERC20 coin, it can be supported by ERC20 wallets. The coin is listed on BitMart, Coinbene and IDEX exchanges. The coin had its initial coin offering (ICO) as from January 16, 2018 to February 13, 2018. The ICO raised $8.7 million. The price at the ICO for a single token was $0.0430.
The team behind EBCoin platform includes a team of experts and professionals in various fields. They are led by Jason J. Kim, the Chief Executive Officer, Dustin H. Kim, the Chief Technical Officer, and Peter King, Chief Marketing Officer. This project will be targeting one of the largest tourist market in the world, Asia.